Thursday, 2 July 2020

Nicaragua To Exceed 1.5 Billion Dollars in Direct Investment

(TODAY NICARAGUA) Nicaragua this year expects to exceed 1.5 billion dollars in direct investment in sectors like manufacturing, agriculture and energy, today said the delegate of the Presidency for these issues, Álvaro Baltodano. The official said to El 19 Digital that the Sandinista government struggles to raise the amount of investments during 2014, taking into account the conditions presented by Nicaragua in terms of economic stability, development and security.

Powering Employment: free-trade zones in Nicaragua now employ more than 100,000 Nicaraguans and represent one of the top three sectors for foreign-direct investment here (Photo/ GRAPHOS Producciones via Nicaragua Dispatch)
Powering Employment: free-trade zones in Nicaragua now employ more than 100,000 Nicaraguans and represent one of the top three sectors for foreign-direct investment here (Photo/ GRAPHOS Producciones via Nicaragua Dispatch)

The investments will impact the energy sector, but also telecommunications, textile and harnesses manufacturing, processing of milk, meat, planting and harvesting of bamboo as raw material for construction, among others, he said. Nicaragua has become an attractive country that offers growth trends and significant, positive economic numbers, Baltodano said. The official added for this year is expected an increase in exports and investments that will allow to achieve a growth of over 4.5 percent of GDP. The Presidential delegate also mentioned the social achievements of the country and advances in the economic sphere, such as the fight against poverty and the improvement of health and education systems. In addition, Nicaragua is one of the four countries in Latin America that has a homicide rate below ten in every 100 thousand people, he said.

- paying the bills -
- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

COVID-19 Costa Rica: another record with 294 new cases; Rollback on reopening for the GAM

(QCOSTARICA) The coronavirus pandemic in Costa Rica has been setting records...

Ruta 27 tolls increased today, July 1

(QCOSTARICA) Users of the Ruta 27 (San Jose - Caldera) will...

MOST READ

‘Travel as we knew it is over and it’s never coming back,’ says Airbnb CEO

(Daily Mail) The CEO of Airbnb says that as a result of the coronavirus pandemic 'travel as we knew it is over - and...

Half of Costa Ricans over 19 have at least one risk factor for coronavirus

(QCOSTARICA) The coronavirus pandemic puts a third of the Costa Rican population in particular danger, the 1.6 million over the age of 19 who...

Costa Rican coffee may go unharvested as pandemic creates migrant worker shortage

(Reuters) - Coffee connoisseurs across the world prize Costa Rica’s gourmet beans, but local farmers warn that if a coronavirus-induced foreign labor shortage is...

Sinart employees demonstrate for layoffs

(QCOSTARICA) With the proper distancing and masks on their faces, a group of employees is holding a demonstration on the outskirts of the Sinart,...

With lower cost for business, Costa Rica will enjoy 16 long weekends

(QCOSTARICA) The bill that transfers the holidays for the following or previous Monday, with the aim of promoting local tourism, economic recovery, and job...

Woman arrested for inciting demonstration in Tamarindo for demanding reopening of beaches

(QCOSTARICA) A woman, Andrea Diaz (#liberenandreadiaz), was arrested Wednesday, June 24, near the Tamarindo beach, in Guanacaste, for inciting a demonstration to request the...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.